We are happy to announce that the FCL Staking Program is live as of 15.12.2022. A total of 21K FCL tokens will be allocated daily for staking to maximize your FCL rewards and boost your growth.
In this step-by-step guide, we will explore all the details of the Staking Program, including:
- How FCL Staking works
- Where can you stake your FCL
- What FCL tokens can you stake
- Pool size
- What you need to stake your tokens
- Staking FAQs
Here’s what you need to know!
How does the FCL Staking Program work?
As all staking programs work, FCL staking aims to reward our community and those who believe in our growth by providing them with the opportunity to increase their growth and maximize their earnings.
Where can you stake your FCL?
FCL staking is available on SushiSwap dApp on Gnosis chain. Therefore, you’ll need to have FCL on Gnosis chain, and you can do that either by:
- Transferring FCL to Gnosis through the FCL-Gnosis bridge
- Swap xDAI for FCL on the dApp or on another chain (e.g. USDC for DAI on Ethereum). For the latter, you will need to use the Gnosis Bridge to swap it for xDai on Gnosis. To swap xDAI for FCL on the dApp you will need to have xDAI that is available on exchanges like SushiSwap.
To start staking, all you need to do is:
- Connect your wallet
- Then go to Earn menu
- Choose FCL / XDAI pool
- Add liquidity to SushiSwap
- Enter the amount you wish to stake
Once done, reward details will show up at the bottom of the pool page
Planned rewards
The currently planned amount of FCL for staking rewards is 2M FCL for the first 3 months. With the current price of FCL, that’s roughly $32K waiting for you to grab your share, and that excludes what you make in transaction fees, even if you don’t stake!
Why Gnosis Chain?
As Gnosis Chain is compatible with EVM, and is designed to enable faster and cheaper transactions, providing greater stability and scalability, having our native token FCL on it will enable our users to trade our token, incentivize its liquidity provisioning, and explore its different use cases.
FAQs about FCL staking
- How many times can I stake?
You can stake as many times as you want. - How to unstake?
You may unstake at any time you wish. However, no more rewards will accumulate in your account. - How can I earn more FCL?
Another option to maximize your FCL rewards is to opt in to our KYC incentives program. All you need to do is have at least a Basic Fractal ID level, and provide us with your EVM wallet address so we can deposit your rewards!
Click here to tap into our KYC rewards program.
Once you complete your KYC journey and opted into the program, your rewards will start accumulating on our end and be distributed to your EVM address on a monthly basis.
FCL Staking Program video
Do you still have questions? We invite you to take a look at this Staking video where our Co-founder and CTO Júlio Santos demonstrate the required steps to maximize your earnings through the FCL Staking Program:
